Analysis of the American Trading Session

On Wednesday trades in the US session on the US dollar index actually closed at the opening day, while updating the minimum and maximum, remaining in the trading range Tuesday from 94.30 to 94.70, indicating the preservation of the dollar’s restraint and the formation of a flat that limits the downward trend for the American dollar.

The uncertainty surrounding the trade confrontation between the US and China also affects the dynamics of the American dollar, slowing down its decline. Increase in profitability of US state bonds also provides support to the dollar. On the other hand, resistance 94.70-80 remains a significant factor in maintaining a downtrend.

The US dollar index chart. The current price is 94.50 (10-year government bonds yield is a blue line)

Read also: “The Central Bank of Canada – the prospects for monetary policy”

Andre Green

Earn with the help of the trade service on the news Erste News!

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